Marginal revenue for the perfectly competitive seller is constant and <u>equal to</u> the price, whereas for the monopolist it is not constant and reflects the necessity of <u>lowering </u>the price to sell the output.
A monopoly, as defined with the aid of Irving Fisher, is a market with the "absence of opposition", developing a situation in which a specific person or organization is the only supplier of a particular component. Natural gas, strength companies, and different application businesses are examples of natural monopolies. They exist as monopolies due to the fact the value to go into the enterprise is excessive and new entrants are unable to provide identical offerings at lower fees and in portions comparable to the present company.
A monopoly is when one organization and its product dominate an entire enterprise wherein there is little to no competition and customers need to purchase that particular excellent or service from one organization.
A monopolist is a man or woman, group, or agency that controls the market for a particular desire or provider. A monopolist likely also believes in regulations that prefer monopolies since it offers them extra power. A monopolist has little incentive to improve its product because clients have no options.
Learn more about monopoly here brainly.com/question/7217942
#SPJ4
Answer:
Breaking down barriers between functions
Explanation:
Total quality management is a management approach to getting all employees committed to improving processes , products and services towards achieving a customer satisfaction and growth success into a foreseeable future.
One key requirement towards achieving this is breaking down barriers between functions as development of new products calls for efficient planning to deliver customer satisfaction and employees in different functions and department also have to work together to anticipate problems that could impair quality of products.
Answer:
<u>climate for service.</u>
Explanation:
The climate for service in an organization refers to organizational aspects that are shared by all employees, they are the organizational culture, the policies, the communication process, the management model, the organizational strategy. All these aspects will influence the perception of employees, so it is important that the organizational culture is focused on the positive motivation and appreciation of the professional, because it is essential that the employee identify with the business values, feel motivated and valued to exercise and value. develop their competencies for the accomplishment of the organizational mission.
The answer is D. Gather information. Took the test and it was correct.